Market Overview:

Intelligent agriculture can be defined as a process of performing agricultural activities using advanced technologies. The advanced technologies employed in the agriculture are segregated on the basis of type, software, service, solution, and application. Intelligent agriculture is an innovative way of carrying out farming activities by reducing human efforts and by making maximum use of the available resources. The global intelligent agriculture market was worth at around USD 5,098 million in the year 2016 and is estimated to reach approximately USD 15,344 million by the end of 2025 growing at a CAGR of more than 13.09% between 2017 and 2025.

Market drivers and restraints:

The key factors driving the growth of the market are rising demand for food worldwide, the rise in the need of livestock health and performance monitoring, and growing support of the government in the adoption of modern agriculture techniques. The growing population has elevated the demand for food. According to United Nation, the most recent census signifies a human population of 7.3 billion and is expected to reach 9.7 billion by 2050. In direct proportion to the growing population, the demand for the food is also estimated to grow exponentially over the forecast period.

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Report segmented as:

By type:

Livestock monitoring
Precision farming
Smart greenhouses
Fish farming
Others
By application:

Livestock monitoring applications
Precision farming applications
Fish farming applications
Smart greenhouse applications
Others
Geographical analysis:

Asia Pacific is estimated to grow at the highest CAGR of 13.77% over the forecast period. Agriculture and associated business in the Asia Pacific region are likely to spur due to the increasing demand for food and other dairy products. Due to the growing population in the countries such as India, China, and other Asian countries the demand for food products has elevated considerably.

Important market players:

The key players operating in the global intelligent agriculture market are Ag Leader Technology, Inc., AGCO Corporation., Ag Junction LLC., Raven Industries Inc., Precision Planting LLC., SemiosBio Technologies Inc., SST Development Group, Inc., The Climate Corporation, TOPCON, Trimble Inc., Agribotix LLC., Auroras s.r.l., Deere & Company, DeLaval, GEA Group, and Grownetics, Inc., among others.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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